Canada: COVID-19 Hammers March, First Quarter GDP

<p>Canadian economic activity fell an unprecedented 9% month-on-month in March. This according to Statistics Canada’s similarly unprecedented public ‘nowcast’ that came even as several key indicators for February are yet to be released. The March figure implies that real GDP contracted by around 9.5% to 11% (annualized) over the first quarter as a whole, although […]</p>
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